Saudi Arabia shares investment approaches with Europe
The article explains that the shift in Saudi-European relations reflects the Kingdom's transition from merely importing products and expertise to becoming an investment and developmental source actively involved in building economic and technological models in France. Through projects like Qiddiya in the entertainment sector, Saudi Arabia exemplifies a model of investment across multiple industries, focusing on creating jobs and fostering economic growth, along with establishing a permanent cultural center to strengthen its cultural presence. The new approach also emphasizes the development of technology, with Saudi Arabia moving toward joint cooperation and capacity building in areas such as artificial intelligence and cybersecurity, rather than just purchasing ready-made solutions. These transformations reveal a new strategic position for the Kingdom, moving away from traditional exchange relations toward long-term partnerships, with an emphasis on knowledge transfer and capacity development, and shifting influence from merely importing goods to developing innovative models with a long-term impact.
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